Market falls 4% in just seven sessions: Is it a good time to buy?

Given the developments, analysts say there could be more pain in store for the markets

Markets have been on a downward spiral since August 2 when the Nifty50 hit a high of 10,137 levels in intra-day deals. Since then, the index has tanked nearly 4%, or around 400 points to 9,737 levels in intra-day deals on Friday. 

The recent fall has been triggered by rising geopolitical tension across the globe – one, between India and China on the Doklam standoff, and two the developments with North Korea and the United States.

“Clearly, the markets have been rattled by the geopolitical developments, especially relating to North Korea and the US. One needs to